funding of this presentation is made possible by the freeman foundation of new york, stowe, vermont, and honolulu. newman's own foundation. union bank. >> at union bank, our relationship managers work hard to understand the industry you

operate and, working to nurture new ventures. we offer expertise and tailor solutions in a wide range of industries. what can we do for you? >> long lines of refugees waiting for a chance to apply for asylum in greece. >> we slept in the stores because the police came to look for us every day. >> world leaders deny there is a global currency war. are all the major powers secretly devaluing? inventors often are not rewarded. >> people who are supposed to run our innovation units treat me like dirt.

>> when it comes to refugees and migrants, agrees is the front door of europe. at one point, 300 people a day were crossing greece's border with turkey illegally. on mass roundup was 70,000 people picked up off the streets in six months. these are the figures, but behind them, he minute stories. we have one man's account of his journeys through the system. this was the biggest textile factory in greece. today, it lies abandoned and is famous for something else. felt here a year ago,

hundreds of migrants were squatting in the factory, desperate to get out of a greece. >> it does not feel like europe. this is no europe. >> my guide was this man. a moroccan living in the factory. place,en, as we left the i never expected to see him again. today, at the factory looks quiet, deserted. there has been a big police roundup of the migrants and the whole place looks empty. the men whopened to lived here? to luck and facebook, i am about to find out. muhammed, the man who took me in here a year ago, has tracked me

down from inside a prison cell. now he wants to tell his story. the story of one man on a journey from africa to europe via a country in crisis. how did so many men end up living in that factory? not find anywhere else tuesday. the factory was empty, so we started going in there to sleep. we slept in the sewers because the police came to look for us every day. the mice and rats used to run over us. life in the abandoned factory was sent to end. two months after we filmed there, it came under attack by local people and busloads of protesters from the far right

party. only the right police stood between them and the migrants. >> they hit people. we thought, if they find one of us, they will kill us because they are fascists. my friends were afraid, but immigrants did not understand what is going on around them. they only have one thing on their mind, and that is to leave the greece. >> with hostility to the migrants growing, the government launched a sustained police operation to find and detain those with no right to be year. it is called operation and this is how it works. the greek police have given us access to an operation raid into one of the main squares of athens. the police invited us along on condition we must -- invited us

all along. this man has the vital pink card saying he has claimed asylum. it is only a photocopy. one of the poorest areas in athens, the wider impact is to create tension. this is why many migrants choose to stay at home as much as possible. >> why is he being stopped? he tells me he is from bangladesh and he has been here eight months and lives nearby. 77,000ice have detained people like this in the past six months. and sent 4000 to detention centers to await deportation. mohammed was one of them. asleep when they came. 20 or 30 policeman to pick up five migrants.

they take you to the police station and then the court and a transfer you directly to the camp. >> there was no hearing? >> there was no justice. i did not understand anything. why? >> they took him to a detention center, a former military camp. death or the fatherland says the far right graffiti on the wall. this is the camp where mohammed was taken. filming is technically not allowed. up idea was by rounding immigrants and detaining them in the things -- in places like that, it would deter others. no journalists have been allowed to film inside, but while mohammed was there, of visitors secretly took these shots.

-- a visitors secretly took the shots. >> the conditions are very bad. the meals are not good. no blankets, and no hot showers, only cold water. awent to months without shower. they played with our state of mind. we started a hunger strike, but it was ended because they hit us. they did not lead us continue. -- let us continue. >> the impact of the operation was clear. >> many people are not coming as openly as they used to because they are afraid greek authorities are trying to leave a message. the messages, do not come here, you are not welcome. >> if that is the message, it is not getting through. these ferry boats to italy and

beyond are like a magnet to illegal migrants trying to enter the rest of europe and to the criminal gangs to take them there. -- back at the factory, it did not take long for him to help us find the men still living there legally. out, theabout to find numbers are being swelled by new conflicts. where are you from? >> syria. >> syria? where are you from and syria? >> aleppo. >> because of the war? what about this guy? where are you from? >> algeria. >> how long have you been here? eight or nine months. where do you want to get to?

>> the men who sleep. -- sleep here timetable byry heart. the police raid almost every night. it is nearly time for that moment now, so it is time to leave. every migrant has a different story. muhammed is a berber with the degree. he left a mark -- morocco because he wants to live a secular life style there and claims he cannot. it took 4.5 hours of flying from the morocco to turkey. from turkey, he made four attempts to cross the river into

northern greece. >> there were me and some afghans in about. after 10 minutes, the boat capsized. we had to swim for it. >> the boat turned over? not of the afghans could swim and they drowned. >> we have no way of verifying that claim. now, he is in limbo. his asylum claim entitled him to stay in greece. -- for one organization us to help people.

only give one appointment per week. we have a list of hundreds of people. one employment per week is like nothing. >> it is almost impossible to claim asylum. here is why. in athens, every friday night, accused of migrants form spread some of these men have been here since wednesday. only at this one place in the city can you actually claim asylum. the police take only 20 claims a week. this selection process has been described as arbitrary. the police say it has improved.

we were ordered to leave before it took place. queuing andrants 200 lead and once per week, that is a one in 10 chance. it does not stop people from coming. we ask to speak to the minister and to the police spokesperson about the allegations of mistreatment. at about the deficiencies of the system. the greek government declined our request. the director -- they directed us to speak to this woman, the head of the new asylum service. --2011, the greek government it pledged to change. it is two years on from the judgment and still we find out, 300 asylum seekers in the freezing cold lying on the

ground, 20 people only selected. that cannot be right. said, this is one of the problems. we are gearing up for that. we are recruiting many people. we expect to have up boards of 250 new staff members for the asylum service. this is a very big investment. >> for muhammed and things like him, she has this message. >> they may have to be in any legal situation for years and years and years. -- and an illegal situation for years and years and years. thencrease seems to have illusion that the harsher we treatment -- greece's seems to have the illusion that a harsher we treat them, the more likely it was that we stop -- a stop.

>> mohamad has now moved to this abandoned farm house. >> after our first interview, he was again detained by the police. he told me the police said his clothes were too new. it was only for one night, but he and his friends did their best to stay out of sight and out of trouble. >> you were sleeping there? all four of you sleep there? >> the others are sleeping there. >> why do so many men choose to live in conditions like this? it is a hard life. always in insecure -- why? >> it is because we have an objective. we do not stay here just to kill time. whether it is here on the road, our objective is to leave.

>> there is no chance they can stop the flow of migrants into europe. >> know. -- no. it is a hope, it is an objective. europe is a paradise. you have to reach it. >> that is one man's story. he told me some of those i met in a factory have already made it to northern europe. the possibility of getting there that makes men like muhammed keep on coming. though he is biding his time, northern europe is where he intends to finish up. >> the war that is apparently not going on. global leaders have agreed islicly that a currency war not happening. in a week that saw the pound

sank to a 2.5-year low against the dollar, there is a concern that there are signs of a secret currency battle. here is paul mason with a currency war for dummies. >> questions of our times, how many arrowheads you did four- wheel bone? whale bone?t for a in the 1930's, they were assessed with funny money for our reason. exchange rates are in issue again. " if you ask the most powerful people in the world, are we about to enter a currency war? it is a good question. we know the answer is no because they say so. they said at the g-20 this

weekend. >> we will refrain from competitive devaluation. we will not target our exchange rates for competitive purposes. >> but they are being sorely tempted and here is why. perhaps if we go back to 2009, many countries had plans to have large increases in exports. the increase in exports were something which could not be achieved. that, overences of time, those exports plans have not come to fruition. people have started to think they might need to double up on their export plans. they want to depreciate their currencies. >> here is an economist to explain my currency boards are bad. >> nobody can win. one country expand its money supply, drives its currency down. in another country does the same thing.

it is a zero sum game. in the end, what would be happening is a lot more money being pumped into the world economy, which has inflationary consequences. >> some people think the currency war has kicked off. japan is accused of manipulating its currency down to boost exports. here is the evidence the japanese yen against the u.s. dollar since lehman brothers collapsed. the yen has been high, but now it is rapidly collapsing. the problem with a currency war, even without declaring one, by taking certain actions, you can make others countries feel they're being attacked. >> one thing the emerging inntry are putting blockages the way of additional currency

of appreciation of their exchange rates. brazil has done that. china intervenes in the currency markets. switzerland puts a cap on its rate. they're trying to defend themselves. each of those distortions in the market forces action somewhere else. it is a dangerous situation. >> if we do get into a currency ar, the united kingdom -- sterling fell by 20%. the bank of england was pleased by that. here is the thing, sterling is falling again. why? >> sterling is falling because it is likely to lose its aaa rating%. -- a rating soon. the bank of england is likely to print more money. it is likely to be undesirable

from an international investor perspective. the general economic outlook is poor. >> beads have always been used for money. this is the currency from the north american indian. >> are reassuring picture emerges. by printing money, countries are trying to boost their own economies. there is no currency war. any resemblance is purely accidental. comes to winning nobel prizes, the u.k., second only to the united states. this country's reputation for genius has been undermined by the failure to make money for many of these great ideas. are the potential solution, a new patent court was set up this week working for the eu.

one longtimee -- campaigner is the creator of the radio. he revealed he may have to sell up his home in london, a place that is his invention headquarters. >> this is in the guinness book of records. have devices inside there. when you put your foot down, every time you do that, a little tweak of electricity comes through. it is injected into your mobile phone battery. i call myself an inventor. this workshop is where it all began. the is a graveyard of

thousand domestic appliances. i am known for making the clockwork radio. that is how i wound up. i was watching the program about the spread of hiv aids in africa. the only way they could stop this disease was through radio. there was a problem. most people in africa did not have electricity. the only other form of electricity was in the form of batteries. i am thinking to myself, all those years ago, i could see myself with an old-fashioned gramophone. -- wound this thing up this thing up. it produces the volume of sound.

there must be enough energy in the spring. it would drive a radio. i've only got one arm. that goes there. top -- you canhe undo the top. that doesn't for you. here we are. everybody is doing their own version of a windup radio. is circumnavigates your invention. .he handled turns this way they can play very dodgy maneuvers in order to claim to be theirs. there is is utterly different. if i point that towards the camera, the sign looks at you.

we're not talking about high tech, we're talking about low- tech. you only got to look back through time, the united kingdom, the golden age of steam engines, they went all around the world. there are so many other things that we have created an done over the years. we are great at inventing. the people that are supposed to run our innovation in units or look after the inventors treat me like dirt. in other words, did not invent. have all the not skills we need to bring a product to market. you have to appreciate that some people have the most amazing ability to change all their life socially and commercially. we've all got paper clips, right? how many of us know who made

this paper clip? these people that change all of our lives, we do not even know who they are. which is disgusting. we have to encourage this nation to literally get off its backside and have a go and we we willmake sure that stand behind the lone inventor. the most important thing is the british economy does not suffer as a result of it. is not kicked out of the equation. if we do it that way and we make the theft a white-collar crime, it could be and everybody when situation. we have to have the patent system to be a universal thing. we did not want to go to a country, and they say sorry, made, we do not do it this way.

>> that is all far this week. -- that is all for this week. from all of us, goodbye. >> funding of this presentation is made possible by the freeman foundation of new york, stowe, vermont, and honolulu. newman's own foundation. union bank. >> at union bank, our relationship managers work hard

use their expertise to guide to the business strategies and opportunities of international commerce. we pledge our extended global network to work for a wide range of companies from small businesses to major corporations. what can we do for you?